News

Jenner & Block represented Internap Corporation, a leading provider of high-performance internet infrastructure including Colocation, Cloud and Network Services, in securing $325 million in new credit facilities. The deal completes Internap’s senior secured debt refinancing in an oversubscribed transaction. The new facility provides Internap with additional flexibility to support its long-term growth objectives, including less restrictive debt and interest coverage covenants. The First Lien Term Loan and Revolver will both be priced at Libor +700, and reflects a current Corporate Rating of B3 / B.